Acceleration Life Insurance

Acceleration Life Insurance

A life insurance policy that allows the policyholder to access a portion of the death benefit (usually about 25%) in the event of a catastrophic illness. The policy states which illnesses are eligible for this benefit. Acceleration life insurance allows the policyholder to pay for treatment of what may be a final illness while still providing for his/her beneficiaries after death. See also: Accelerated Option.

NYSE: FTR) (Frontier) announced today that it has entered into agreements to acquire Acceleration Life Insurance Company, Dublin International Limited, Acceleration National Service Corporation, and the extended service contract business of Acceleration National Insurance Company from Acceleration International Corporation (Nasdaq: ACLE) (Accel) for $40.

from C+ to B- -- Acceleration Life Insurance Company (Dublin, Ohio) from D+ to C- Notable downgrades include: -- Western and Southern Life Insurance Company (Cincinnati, Ohio) from A- to B+ -- United Investors Life Insurance Company (Birmingham, Ala.

3%, respectively) over the comparable 1997 period, as a result of growth in the majority of the Company's core and new program business and the acquisitions of Lyndon Property Insurance Company and subsidiaries in May 1997, and of Western Indemnity Insurance Company, Acceleration Life Insurance Company, and Environmental Commercial Insurance in December 1997.

NASDAQ/NMS:ACLE) today announced it has reached an agreement in principle pursuant to which ACCEL will sell its auto after-market product group along with the stock of its Acceleration Life Insurance Co.

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